Mitigating the resource curse for extractive industry: the Case of Lebanon

Abstract

The discovery of gas and oil in the Eastern Mediterranean Basin awaits serious resolutions to the political challenges confronting the process of exploration and extraction. On one hand, the lack of maritime boundary delimitation, with the potential discovery of shared deposits, and the absence of mediation channels may exacerbate regional volatility. On the other hand, deficiency in the managing capacities of extractive resources, which coincides with deep political divisions and absent local consensus regarding the national distribution of revenues and benefits, represents ...